Explosion Proof Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Explosion proof enclosure or explosion proof packaging is an isolation provided to the equipment in order to prevent contact of fire inside with the external explosive environment. The hazardous and explosive environments are very common in manufacturing industries. The packaging can be made of metallic material or nonmetallic materials such as plastic, etc. To minimize the risk of explosion or fire, the explosion proof packaging is critical for the electrical instruments. The packaging are characterized to have properties such as anti-corrosion, ability to withstand high pressure, exposure to chemicals, and other extreme conditions. They are generally used to cover automation and electrical equipments/systems in the industries. Most of the manufacturing industries give rise to flammable and hazardous environment are which include chemical, pharmaceuticals, food & beverages, oil & gas, petrochemical, wastewater treatment industry use explosion proof packaging. Chemical, pharmaceutical, oil & gas, power generation, and petrochemical are the prominent end users. To avoid risk of explosion and ensure safety various laws and directives are developed in most of the countries. The organizations such as NEMA (National Environmental Management Authority) in US, and IEC (International Electro technical Commission) are responsible for the packaging standards.
Global Explosion Proof Packaging Market Dynamics
The global explosion proof packaging market is expected to be driven by the growing concerns and governmental regulation for safety in end use industries. The manufacturers in Europe are directed to follow the directive 94/9/EC while installing and commissioning mechanical and electrical systems in the hazardous environment. Similarly in US, the directives by NEC (National Environmental Commission) is followed. In rest of world, the compliance of the installation and commissioning of electrical systems is based on IEC (International Electro technical Commission). The trend towards minimizing the human efforts in each end use industry through automation is driving the demand and can be considered as one of the prominent driving factor for the global market. Growing global industrialization is also one of the driving factor for global explosion proof packaging market. The growing output of the end user industries is linked with the more need for safety provisions in the industries. The higher cost related to the packaging material is a major restraint for the market.
Global Explosion Proof Packaging Market Segmentation
The global explosion proof packaging market is segmented on the basis of product type and end use industry.
On the basis of product type the global explosion proof packaging market is segmented as
- Metallic explosion proof packaging
- Nonmetallic explosion proof packaging
Among these segments, the metallic explosion proof packaging segment accounts for maximum share in the global market. Nonmetallic explosion proof packaging mainly includes plastic enclosures.
By application, the global explosion proof packaging market is classified as
- Oil & gas
- Power generation
The others segment includes food & beverage industry, waste water treatment industries, etc. The waste water included in others segment is anticipated to be the fastest growing segment in the global market.
Global Explosion Proof Packaging Market: Regional Outlook
Based on geography, the global explosion proof packaging market can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan, Middle East and Africa, and Japan. Asia Pacific and Middle East & Africa markets are expected to be the fastest growing market for explosion proof packaging due to the high industrial growth in these regions in near future. North America and Western Europe are the most prominent market in the global explosion proof packaging market.
Global Explosion Proof Packaging Market Players
The global explosion proof packaging market is mostly fragmented with number of players existing in the market. Some of the key players are Adalet, R. Stahl, Inc., BARTEC GmbH, Eaton, Pentair Equipment Protection.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Packaging
PackagingChinese Markets for Industrial Packaging